the railroad commission of texas strategy of limited oil production to maintain prices was adopted by which organization?

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22-11-2022
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the railroad commission of texas strategy of limited oil production to maintain prices was adopted by which organization?

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jaiswaljyoti jaiswaljyoti · Answer 1 · 2022-11-26T07:01:06+01:00

The Railroad Commission of Texas adopted the Organization of Petroleum Exporting Countries' (OPEC) plan of limiting oil output to maintain prices.

The Railroad Commission served as the template for the creation of the Organization of Petroleum Exporting Countries (OPEC) in the 1960s. Due to Texas' key position in the petroleum sector and the Railroad Commission's authority to prorate oil production, the Commission was crucial to the world's energy supply.

What functions does the railroad commission in Texas have?

The system service availability will be returned as soon as is practical. In Texas, the exploration, production, and transportation of oil and natural gas are all governed by the Railroad Commission's Oil and Gas Division. Its mandated function is to guarantee safety in situations involving things like hydrogen sulfide.

To learn more about Hydrogen sulfide click here

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